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The exemption on capital gain tax on house sales is for avoiding taxing the gain from inflation over the years.
by ww520 8y ago
The exemption on capital gain tax on house sales is for avoiding taxing the gain from inflation over the years.
- kelnos 8y agoDoesn't really matter what it's for; at the end of the day you don't pay tax on the gain. If I invest in a stock or mutual fund that sadly only grows with inflation, the IRS still gets its cut from my gains. Home sales are (AFAIK) unique in this treatment.